A federal judge is days away from deciding if New York developer Larry Silverstein can recover as much as $3.5 billion from airlines for damages to the World Trade Center on Sept. 11, 2001, on top of more than $4 …
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it’s cutting some retirement benefits for employees in a move that will increase book value by a range of $1.70 to $2 a share. The adjustments include a …
Blue Cross and Blue Shield of North Carolina shares private information of hundreds of thousands of its clients to an outside company that helps design its software. The company told The News & Observer of Raleigh that it protects the …
More than two dozen Mississippi slaughterhouses and poultry meat processing plants have violated sanitation or food safety guidelines over the past decade — and most did both, The Jackson Clarion-Ledger reported. The newspaper analyzed records from the USDA’s Food Safety …
Casualty actuaries can help insurers meet the demand for new products by identifying, analyzing and pricing new risks, according to two speakers at the srping meeting of the Casualty Actuarial Society. Since the mid-1980s, casualty insurance has shrunk as a …
W. R. Berkley Corp. has appointed Jonathan M. Levine to the office of vice president and chief marketing officer. Levine has 20 years of experience in the field of marketing, most recently at a leading global insurer, according to the …
BP Plc’s $8.2 billion settlement of most private economic-damage claims from the 2010 Gulf of Mexico oil spill is unfair and should be rejected, victims opposed to the deal told a federal appeals court. The agreement inconsistently compensates victims with …
The Obama administration’s lack of action to impose recommended changes to make refineries, chemical factories and sugar plants safer is set to get a public rebuke from the U.S. Chemical Safety Board. The independent investigative agency said yesterday it will …
A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of Kuwait’s Al Fajer Retakaful Insurance Company K.S.C. (Closed).Best said …
Sea levels could rise by 2.3 meters [app. 7.66 feet] for each degree Celsius [1.8°F] that global temperatures increase and they will remain high for centuries to come, according to a new study by the leading climate research institute, released …
